Consolidated assessment ratings | Mutual Evaluations of Dominica, North Macedonia, Kazakhstan, Romania, Turkmenistan & Uzbekistan

The FATF has published its latest updates to its Consolidated assessment ratings together with the publications of Mutual Evaluation Reports of Dominica, North Macedonia, Kazakhstan, Romania, Turkmenistan & Uzbekistan on progress in strengthening measures to tackle money laundering and terrorist financing.
The updated Consolidated assessment ratings provide an up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the FATF Recommendations, using the FATF Methodology together with the FATF 4th Round Procedures. These ratings should be read in conjunction with the detailed Mutual Evaluations. All these documents are available on the FATF website.
The current characteristics on both the effectiveness of AML/CFT systems, as well as technical compliance with the FATF Recommendations of Dominica, North Macedonia, Kazakhstan, Romania, Turkmenistan & Uzbekistan are the following:
#### Effectiveness Ratings
Note: Effectiveness ratings can be either a High-HE, Substantial-SE, Moderate-ME, or Low-LE, level of effectiveness.
| Jurisdiction | Report Type | Report Date | Assessment body/bodies | IO1 | IO2 | IO3 | IO4 | IO5 | IO6 | IO7 | IO8 | IO9 | IO10 | IO11 |
| —————————————————————————————————————————— | ————— | ————— | ————————– | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——– | ——– |
| Dominica | MER | Jul.23 | CFATF | ME | SE | ME | ME | ME | SE | LE | ME | ME | LE | LE |
| Kazakhstan | MER | Jul.23 | EAG | SE | SE | ME | ME | ME | SE | SE | ME | SE | SE | SE |
| North Macedonia | MER | Jul.23 | MONEYVAL | SE | ME | ME | ME | ME | ME | ME | ME | ME | ME | ME |
| Romania | MER | Jul.23 | MONEYVAL | ME | SE | ME | ME | ME | ME | ME | ME | ME | ME | ME |
| Turkmenistan | MER | Jul.23 | EAG | SE | SE | ME | ME | LE | ME | ME | SE | SE | ME | ME |
| Uzbekistan | FUR | Jul.23 | EAG | SE | SE | ME | ME | ME | SE | ME | ME | SE | SE | SE |
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#### Technical Compliance Ratings
Note: Technical compliance ratings can be either a C-compliant, LC-largely compliant, PC-partially compliant or NC-non compliant. Changes are highlighed in bold & italic, representing either up- or downgrades compared to the last report date, as summarized at the right end of the table.
| Jurisdiction | Report Type | Report Date | Assessment body/bodies | R.1 | R.2 | R.3 | R.4 | R.5 | R.6 | R.7 | R.8 | R.9 | R.10 | R.11 | R.12 | R.13 | R.14 | R.15 | R.16 | R.17 | R.18 | R.19 | R.20 | R.21 | R.22 | R.23 | R.24 | R.25 | R.26 | R.27 | R.28 | R.29 | R.30 | R.31 | R.32 | R.33 | R.34 | R.35 | R.36 | R.37 | R.38 | R.39 | R.40 | #upgrades | #downgrades |
| —————————————————————————————————————————— | ————— | ————— | ————————– | ——- | ——- | ——- | ——- | ——- | ——– | ——– | ——- | ——- | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ————- | ————— |
| Dominica | MER | Jul.23 | CFATF | LC | LC | C | C | C | PC | NC | PC | C | LC | C | LC | C | LC | PC | LC | C | C | LC | C | C | PC | LC | PC | LC | LC | LC | PC | C | C | LC | C | LC | C | LC | C | LC | C | LC | LC | | |
| Kazakhstan | MER | Jul.23 | EAG | LC | C | LC | LC | LC | PC | PC | LC | LC | LC | LC | LC | LC | LC | PC | LC | LC | LC | LC | C | C | LC | LC | PC | LC | PC | LC | PC | C | C | LC | LC | LC | LC | PC | LC | LC | LC | LC | LC | | |
| North Macedonia | MER | Jul.23 | MONEYVAL | LC | LC | LC | PC | PC | PC | PC | LC | LC | LC | LC | LC | LC | LC | PC | PC | LC | PC | C | C | C | LC | LC | PC | PC | PC | LC | PC | LC | C | C | LC | C | LC | PC | LC | LC | LC | LC | LC | | |
| Romania | MER | Jul.23 | MONEYVAL | LC | PC | C | C | C | PC | PC | PC | PC | LC | LC | PC | PC | PC | PC | LC | LC | LC | LC | LC | LC | PC | LC | PC | LC | LC | LC | PC | LC | C | C | PC | PC | LC | PC | C | LC | C | LC | LC | | |
| Turkmenistan | MER | Jul.23 | EAG | LC | LC | LC | PC | LC | LC | LC | PC | C | LC | C | PC | C | LC | PC | PC | C | LC | LC | C | C | LC | PC | PC | PC | PC | LC | PC | C | LC | LC | LC | PC | LC | LC | LC | LC | PC | LC | PC | | |
| Uzbekistan | FUR | Jul.23 | EAG | LC | C | LC | LC | LC | LC | LC | PC | LC | LC | LC | PC | LC | LC | LC | LC | LC | PC | LC | C | LC | LC | LC | LC | PC | PC | LC | LC | C | C | C | C | LC | LC | PC | LC | C | LC | C | LC | 3 | |
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#### North Macedonia’s Mutual Evaluation Report, July 2023
This report presents an overview of North Macedonia’s AML/CFT measures as of 21 September to 6 October 2022. It evaluates compliance with FATF 40 Recommendations and system effectiveness, offering suggestions for improvement. Key findings include authorities‘ good understanding of ML/TF risks, but limited use of financial intelligence by law enforcement. ML investigations focus on predicate offenses, hindering ML convictions. While confiscation efforts are notable, cross-border cash controls lack follow-up investigations. The report calls for reconsideration of TF risks due to recent terrorist activities. Supervisory actions show positive aspects, but concerns exist about sanctioning effectiveness and market entry requirements. Efforts to prevent misuse of legal persons are insufficient, and BO information quality requires improvement for international cooperation.
No re-ratings were made.
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#### Romania’s Mutual Evaluation Report, July 2023
This report evaluates Romania’s AML/CFT measures as of 21 September to 4 October 2022. Key findings indicate a fair understanding of money laundering risks, but limited comprehension of terrorist financing risks. The financial intelligence unit faces challenges due to resource constraints, affecting the quality of information provided. Romania lacks a cohesive national AML/CFT strategy, leading to insufficient coordination and communication between various authorities. While prosecutions for money laundering exist, those for third-party cases are scarce, and sanctions applied seem inadequate. Effective confiscation of criminal proceeds from foreign predicates remains infrequent. The understanding and implementation of targeted financial sanctions need improvement among non-financial businesses and professions. Detection and reporting of suspicious transactions show disparities among sectors. The absence of a centralized case management system and formalized guidelines hinders international cooperation. The report underscores the need for enhanced resources, risk assessment, training, and coordination to strengthen Romania’s AML/CFT framework effectively.
No re-ratings were made.
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#### Uzbekistan’s 1st Enhanced Follow-Up Report (With Re-Rating), July 2023
This report shows that Uzbekistan has made significant progress in addressing the deficiencies identified in the MER for Recommendations 6, 7, 18, and 22. Consequently, ratings on Recommendations 6, 7, and 22 were upgraded from „PC“ to „LC“ (Likely Compliant). However, the progress achieved in improving technical compliance with Recommendation 18 did not warrant a rating upgrade at this stage, and it remains at the „PC“ level (Partially Compliant). For Recommendations 3, 4, 5 (with „LC“ ratings), 15, 8, 12, 26, and 35 (with „PC“ ratings), Uzbekistan implemented measures to address identified deficiencies. Some work was done to strengthen AML/CFT/PF tools for Recommendations 20 and 29 with „C“ ratings. Considering Uzbekistan’s progress in improving the national AML/CFT system, it has been transferred from enhanced follow-up to regular follow-up, as per the Procedures of the Eurasian Group 2nd Round of Mutual Evaluations. The country will report on further progress on the national AML/CFT/PF system at the 44th EAG Plenary.
Three upgrades were made.
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#### Turkmenistan’s Mutual Evaluation Report, July 2023
Turkmenistan has been working hard to identify and understand its ML and TF risks. The country has conducted a NRA to evaluate its vulnerability to these threats. The NRA findings show that Turkmenistan faces moderate levels of ML risk and low levels of TF risk. However, the country needs to improve its understanding of theft crime threats. To combat ML and TF, Turkmenistan has established a national AML/CFT system. The system is moderately effective, and the country is working to enhance its effectiveness through various means. Firstly, Turkmenistan is improving its legal framework to address ML and TF risks more effectively. Secondly, the country is enhancing the capacity of relevant institutions to implement AML/CFT measures. Finally, Turkmenistan is increasing awareness among the public and private sectors about the importance of AML/CFT. In addition to these efforts, Turkmenistan is working towards implementing the FATF recommendations. The FATF is an intergovernmental organization that sets standards for AML/CFT regimes worldwide. By implementing these recommendations, Turkmenistan hopes to further strengthen its AML/CFT regime and reduce its vulnerability to ML and TF risks.
No re-ratings were made.
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#### Kazakhstan’s Mutual Evaluation Report, July 2023
The report provides an overview of the AML/CFT measures in Kazakhstan as of the EAG assessment team’s visit from 12 to 30 September 2022. Kazakhstan demonstrates a comprehensive approach to identify and assess ML/TF risks, focusing on Terrorism Financing risks. The national AML/CFT policy aligns well with the identified risks, and competent authorities utilize the risk assessments to implement appropriate measures. The FIU is a vital element of Kazakhstan’s AML/CFT regime, leveraging modern technology for prioritizing and assisting in investigations. The country adheres to the „follow the money“ principle and maintains high levels of interagency and international cooperation in combating ML/TF activities. Although the sanctions for natural persons involved in ML offenses are proportionate, there is a lack of sanctions for legal persons engaged in such activities. Kazakhstan has made strides in confiscating proceeds of crime and compensating for criminal damage. However, there is room for improvement in executing court decisions and confiscation in certain cases. While obliged entities generally understand their AML/CFT obligations and implement customer due diligence measures, some non-banking financial institutions have shortcomings in identifying beneficial owners and politically exposed persons. International cooperation, including mutual legal assistance, is conducted effectively, resulting in concrete practical outcomes. Kazakhstan cooperates well with foreign authorities in extraditions and the exchange of information.
No re-ratings were made.
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#### Dominica’s Mutual Evaluation Report, July 2023
The report outlines the AML/CFT measures in Dominica as of August 2022. Key findings include identifying drug trafficking, fraud, theft, and firearm trafficking as significant ML threats. Dominica has made improvements in cooperation among competent authorities, legislative changes, and training to enhance its AML/CFT framework. However, challenges persist in ML investigations, with limited resources impacting convictions. The jurisdiction’s risk profile for terrorist financing is low, but a national CFT policy is lacking. Supervisory resources remain inadequate for certain sectors, affecting risk-based supervision. Dominica is not a major international financial center, with FIs and DNFBPs representing a small part of GDP. The Companies and Intellectual Property Office faces limitations in fulfilling compliance requirements. The report emphasizes the need for better resource allocation and policies to strengthen the effectiveness of Dominica’s AML/CFT system.
No re-ratings were made.